Why is Supreme Inds. falling/rising?

As of 13-Aug, Supreme Industries Ltd's stock price is currently at Rs 4,299.00, reflecting an increase of Rs 77.5, or 1.84%. The stock has shown a positive performance today, outperforming its sector by 0.94% and reaching an intraday high of Rs 4,335, which is a 2.69% increase. Over the past week, the stock has risen by 2.89%, and over the past month, it has increased by 5.20%. However, it is important to note that the stock has experienced a decline of 8.70% year-to-date and 15.77% over the past year. The company benefits from strong long-term fundamentals, including a healthy average return on equity of 22.73% and a low debt-to-equity ratio, which supports its stability and growth potential.
In the broader market context, while Supreme Industries has performed well in the short term compared to the Sensex, which has remained flat at -0.01% over the past week, its year-to-date performance lags behind the benchmark, which has gained 3.07%. The stock's liquidity remains adequate, with a delivery volume that is currently lower than the 5-day average, indicating a potential decrease in investor participation. Despite this, the high institutional holdings at 36.54% suggest that informed investors continue to support the stock, contributing to its recent upward movement.